Virtual reality used in education is becoming increasingly popular and this trend will continue as market growth is expected to witness a significant boom over the next five years. Many industry experts believe that the introduction of virtual reality (VR) technology for educational purposes is offering the best solution to improve the way of conventional…
Blockchain technology has already caused a big stir in the global financial industry, creating substantial changes in the sector in terms of how people conduct financial transactions. Blockchain’s impact is so large in the financial sector that its technical innovations may be enough to revolutionize the global economy. However, this technology is not just stopping…
The global concentrated solar power (CSP) market is expected to have a substantial growth over the next decade as the latest industry data from GlobalData shows that the global concentrated solar power capacity is estimated to increase significantly from 5.6 GW 2018 to 22.4 GW in 2030 following significant capacity additions by China, Chile, and…
The global electric bus market has been in a steady growth phase in recent years, led by China who remains the leading region for electric buses. The electric bus market is one of the major segments of the global electric vehicle market, which contributes significantly in urban areas’ zero carbon emission policies and environment protection…
Not long ago, the legal cannabis market was just a newly established sector in a handful of countries and regions causing many debates towards its social impact. But today, the global cannabis industry has turned into a booming market, generating multi-billion dollars sales per year. Countries and regions are increasingly legalizing the usage of cannabis,…
As the global LED lighting market continues to grow, the rising adoption of smart lighting systems has become one of the major trends facilitating the recent growth of the market. LED lights are more efficient in terms of energy consumption, while LED bulbs and laps also have longer lifetime compared to conventional incandescent bulbs, therefore…
The popularity of ride hailing services continues to boom across the globe because it is a convenient, comfortable, and safe solution for door-to-door transportation. Another industry trending with a similar popularity trajectory is the global electric vehicle market. With many world’s leading car manufacturers launching their all-electric vehicles, as well as the growing environmental concerns…
The global electric vehicle battery market is experiencing a strong and steady growth, primarily driven by the boom of global hybrids and electric vehicle market over the recent years. In order to further compete with conventional petrol or diesel engine cars in today’s automotive industry, the development of electric vehicle battery technologies has been focusing…
Payroll outsourcing services are being widely adopted across the globe by businesses of all sizes. These services can complete payroll tasks more efficiently and cost-effectively, allowing human resource staff to be more productive and focus on other important jobs. With the continuous development of payroll technologies, it is believed that more businesses will outsource their…
The adoption of cloud computing in healthcare industry has continuously transformed the way doctors, hospitals, research clinics, and private institutions deliver quality and affordable services to their patients. As these medical innovations and technologies continue to evolve and be adopted to wider sectors, it is expected that the impact of cloud computing in the healthcare…
